Question 1

Which of the following statements best describes the term 'efficiency'?

Accepted Answer

A) A reduction in costs through better contracting. 
B) Clarifying objectives and policies. 
C) Greater outputs from the inputs. 
D) Rationalisation of facilities. 
A) A reduction in costs through better contracting. 
B) Clarifying objectives and policies. 
C) Greater outputs from the inputs. 
D) Rationalisation of facilities.

Question 2

Which of the following can be considered an example of a performance indicator for effectiveness?

Accepted Answer

A) A reduction in the number and severity of injuries, resulting from a road safety program. 
B) The number of patients treated in a health clinic. 
C) A decline in caseloads for social workers. 
D) The costs of a job training program for long-term unemployed, per person placed in permanent employment. 
A) A reduction in the number and severity of injuries, resulting from a road safety program. 
B) The number of patients treated in a health clinic. 
C) A decline in caseloads for social workers. 
D) The costs of a job training program for long-term unemployed, per person placed in permanent employment.

Question 3

In a compliance audit, which of the following matters is the auditor primarily concerned about?

Accepted Answer

A) Whether the financial report is fairly presented in accordance with the identified financial reporting framework. 
B) Whether the entity has achieved its stated objectives. 
C) Whether the entity has followed the relevant requirements applicable to it. 
D) Whether the entity has operated in the most economic and efficient manner. 
A) Whether the financial report is fairly presented in accordance with the identified financial reporting framework. 
B) Whether the entity has achieved its stated objectives. 
C) Whether the entity has followed the relevant requirements applicable to it. 
D) Whether the entity has operated in the most economic and efficient manner.

Question 4

Which of the following statements best describes the term 'outcomes' in a performance audit?

Accepted Answer

A) Number of units produced. 
B) Service provided by a particular government program. 
C) Consequences for the community of the government program. 
D) Economy and efficiency of resources used in achieving outputs. 
A) Number of units produced. 
B) Service provided by a particular government program. 
C) Consequences for the community of the government program. 
D) Economy and efficiency of resources used in achieving outputs.

Question 5

The proposed annual expenditures of the Commonwealth Government are authorised by:

Accepted Answer

A) the Auditor-General. 
B) the Treasurer. 
C) the Department of Finance. 
D) the Parliament. 
A) the Auditor-General. 
B) the Treasurer. 
C) the Department of Finance. 
D) the Parliament.

Which of the following statements best describes the term 'efficiency'?

Which of the following can be considered an example of a performance indicator for effectiveness?

In a compliance audit, which of the following matters is the auditor primarily concerned about?

Which of the following statements best describes the term 'outcomes' in a performance audit?

The proposed annual expenditures of the Commonwealth Government are authorised by:

Assurance and Auditing: An Overview

Audit Regulation, Structure of the Profession and Auditors Liability

Ethics, Independence and Corporate Governance

Overview of Elements of the Financial Report Audit Process

Planning, Understanding the Entity and Assessing Business Risk

Assessing Inherent Risk, and Other Specific Business Risks

Understanding and Assessing Internal Control

Tests of Controls

Substantive Tests of Transactions and Balances

Completion and Review

The Auditors Reporting Obligations

Other Assurance Services and Advanced Topics

Internal Auditing

Filters

Exam 15: Audit and Assurance Services in the Public Sector

Which of the following statements best describes the term 'efficiency'?

Which of the following can be considered an example of a performance indicator for effectiveness?

In a compliance audit, which of the following matters is the auditor primarily concerned about?

Which of the following statements best describes the term 'outcomes' in a performance audit?

The proposed annual expenditures of the Commonwealth Government are authorised by:

Assurance and Auditing: An Overview

Audit Regulation, Structure of the Profession and Auditors Liability

Ethics, Independence and Corporate Governance

Overview of Elements of the Financial Report Audit Process

Planning, Understanding the Entity and Assessing Business Risk

Assessing Inherent Risk, and Other Specific Business Risks

Understanding and Assessing Internal Control

Tests of Controls

Substantive Tests of Transactions and Balances

Completion and Review

The Auditors Reporting Obligations

Other Assurance Services and Advanced Topics

Internal Auditing

Filters